Calculation of assessable value

Save Share

This query is : Resolved

Bharat (Querist)

03 May 2013 How to Calculate Assessable value on Pharma product? and on which product Additional excise duty is levied????

Arun Kumar Singh

Arun Kumar Singh (Expert)

03 May 2013 Valuation of the goods will be the cost of Input, production cost and profile. If you have to cleared the goods on assessable value then duty will be payable on the transaction value. If you have to put the MRP on the goods then duty will be payable after the abatement.

Message likes : 1 times

Bharat

Bharat (Querist)

04 May 2013 Please would you provide me which goods coverred under mrp valuation and which goods covered under transaction valuation?

Arun Kumar Singh

Arun Kumar Singh (Expert)

04 May 2013 MRP is not put on the goods then goods will be cleared under the transaction value under section 4 of central excise act 1944.

Bharat

Bharat (Querist)

04 May 2013 what are the goods covered under standard weight and measure act?????????????

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now